Origo case study

Transfers of SIPPs

Published by : Origo

There are more than 900,000 SIPPs in force and there is a likelihood that the millionth SIPP will be written this year (2012)1 and as SIPP numbers grow, so do the number
of SIPP transfers.

The complexities inherent in SIPPs are also characteristic of their transfer process. Based on independent industry research commissioned by Origo, this white paper provides insight into existing transfer processes and how they can be improved in order to protect the reputation of SIPPs, and keep up with the demands of consumers, their advisers and regulatory pressures.

Regulation in the form of the RDR, has also seen increasing attention being paid to the transfer process.

The FSA has stated that transfers of assets, off and on to platforms, must be conducted in a ‘timely manner' - and the automation of the re-registration of assets can enable platforms to meet this requirement.

Based on Origo's research, this paper sets out:
• Trends and drivers in SIPP transfer volumes and types;
• Implications and challenges of various business models
and asset types on SIPP transfer processes;
• Solutions to improve SIPP transfer processes.


Published:22 November 2012

Business Area: Portfolio Management

Type: Portable Document Format (.pdf)

Rating: 4 people found this useful


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